Kamaz sees Net Profit up 90% FY 2007

Russian truckmaker Kamaz has reported a 90% jump in its Full Year 2007 Net Profit under IFRS.

Revenues were up 37% to $3.95 Billion with the company selling 54,200 trucks for the year (up 24%). The company attributed the results to buoyant market conditions, increased production, and effective cost control.